Furthermore, human capital is not only about education or job experience, in fact, many other factors such as health and personality traits like determination are highly likely to change an economy circumstances. Thus, it is important in all aspect of our lives. By implying this to our recent social daily life, technology affected productivity the most. This is because as we move deeper and deeper into a knowledge-based economy that depends on information, knowledge and high-level skills. Thus, human capital will become increasingly important.
This also implies that health inequities would be stark between the developing and the developed countries. Many vital links between health and development are thus seen as interacting phenomena with far reaching implications. One such implication is the realization that the availability of health services is only one of many contributions to health development (UN, 1984). Medical history gives us many illustrations of the importance of health and disease in the rise and fall of nations and civilization (Quoted in Oliver, 1966). Health is considered as wealth of a community, which undoubtedly determines economic, social, cultural and political development of a region (Kothari and Jhala, 2007).
Introduction Health is one of the most important sectors that contribute to the growth of societies and their prosperity, which is the title of human advancement. The health of the individual and his freedom from diseases means the development of societies and countries, and this is the reason for the growth of most other sectors such as the economy. Most of the world's countries seek to provide the best health services and technology to develop their community members and improve the standard of living. Health and services developed over time after the techniques were primitive , traditional and slow become human perseverance and studies and research to discover what is the latest and provides the finest services Health services have become
Health is a basic human need and is a ubiquitous human aspiration. Unfortunately health is not equal and there are considerable differences in long term health outcomes between people from differing socioeconomic backgrounds. Health is not only the result of biological or genetic processes; it is also influenced by the economic and social conditions in which people live in. These influences are termed as the social determinants of health and they can influence health either positively or negatively (Siegrist and Marmot, 2006). Social determinants of health are not fixed and include things such as types of housing and environment people live in, the accessibility of education and health services, income level and employment type.
Like physical capital, which can be applied for particular intentions, social capital is suitable in the sense that an actor's system of, say, friendship ties can be applied for other aims, like information collection. Furthermore, social capital can be "converted" to other forms of capital: the benefits conferred through one's position in a social system can be changed into economic or other benefits. Among the particular types of capital recognised through Bourdieu, economic capital is most important; it is convertible into culture, human, and social capital. In contrast, the "convertibility rate" of social capital into economic capital is not high, since social capital is less liquid and further "sticky" (Anheier, Gerhards, & Romo, 1995; Smart,
However, these examples are of the most effective to implement. Population growth is typically characterized by a lack or misuse of resources. The problems comes from not distributing the resources the optimal way, allowing the country to fall into economic depression and perpetuating population growth. Yet, the true solutions come in sharing these resources equally. When given access to quality healthcare, equal income, education, and opportunities besides the large family model of developing countries, human will expand their choices beyond only having children.
Improvements in the health and education of all, but especially of women and in conjunction with other social changes that raise the status of women, can have a profound effect in bringing down population growth rates. In an initial period, however, better health care means that more babies live to reproduce and that women reproduce over longer time spans through family planning services The principal aim of social, economic and cultural development, of which population goals and policies are integral parts, is to improve levels of living and the quality of life of the people. Of all things in the world, people are the most precious. Man's knowledge and ability to master himself and his environment will continue to grow. Mankind's future can be made infinitely
Developing countries which have high rate of population are often resource-stricken which means that any enhancement in the quality of human capital will improve the growth level of the economy. However, human capital development depends upon the education of the future labour force. But, at the micro level if parents favour work over education for their children, this will trigger poverty by decreasing their contribution to the economy and by lowering their income generating potential (Glewwe, 2002), which will eventually trap the household in a vicious intergenerational cycle of poverty (Baland & Robinson, 2000). In another context where parents let their children work with getting education side by side, work will still have a negative effect on the child’s learning and, will impact the human advancement and growth. For example, children who work will sometimes miss school or will utilize their spare time
ABSTRACT A healthy economy is crucial not only from the social perspective but from the economic perspective as well. There exists a bidirectional relationship between economic growth and health. There has been a consensus on the fact that economic growth of a country can greatly influence the health status. But this paper will address whether health has the ability to bless an economy with wealth. The main motive throughout the paper will be to figure out how health plays its role as a causal factor in explaining the earnings of an individual and growth of an economy as a whole.
An important lesson learned over decades of development is the importance of gender equity to improved nutrition of children, to the improvement of food security of households and to overall economic growth of a nation. Empowered women ensure better nutritional status of children and contribute additionally to economic activities and growth. Thus the relationship between Food Security, Nutrition and Economic Development is a complex, highly interdependent and circuitous one. Nutritional outcomes depend on such factors as physical and economic access to food; the kind of attention and care children and women receive; the health services and the sanitary conditions; and most importantly on the institutional, political and ideological parameters defining a particular